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How can companies bring the collaborative economy into the age of reason?

10 August 2018

After having provoked equal amounts of hope and of disillusion, the collaborative economy is in a transition period, in which business and data will have a major role to play.


"Together, Mother Nature and the market 'said stop'! We now know that the economy of hyper-consumption is a house of cards.” It was with this striking maxim, that in 2010, the authors of What's Mine is Yours, (Rachel Botsman and Roo Rogers), laid the foundations for what would become the flagship trend of the decade: the collaborative economy. Brought into being by a new type of actors, such as Uber or Airbnb, this new economic paradigm aims to decentralise the delivery of goods and services by using a single tool: the platform. This approach is more adapted to the new modes of consumption, because citizens increasingly tend to prefer usage to ownership. This is notably the reason for the success of the Netflix streaming service for movies and series, and Blablacar for carpooling. And according the figures published by the audit firm PWC, this market is expanding. Indeed, the total amount of transactions in the collaborative economy currently stands at 28 billion euros, and could, according to the latest estimates, multiply by 20, reaching 570 billion euros by 2025. And there is no reason to believe that this phenomenon will not affect businesses. On the contrary, they have a major role to play: transforming the monopolistic universe of platforms into an open ecosystem of collaborative innovation.


Decentralisation rather than disintermediation


The promise was a beautiful one... Today we know that it was more myth than reality. Because by wanting to decentralise the value of exchanges between individuals, these new "tech giants” have gradually installed new monopolies... of intermediation. And they have done this, by "disrupting intermediaries via an aggressive commercial strategy and a policy of regulatory disruption." However, for Xavier Lavayssière, expert researcher in blockchain regulation at the University of Paris Panthéon Assas, "this is only a very particular acceptance of what the collaborative economy really is. Moreover, players such as Uber remain highly centralised, as they seek to capture a given market for themselves.” And these new modes of governance, far from their initial promises, have finally contributed to depleting the social character of the collaborative economy, as evidenced by the precariousness of the "false independents" working for Uber or Deliveroo. This is why it is now time to write the second act of the collaborative economy, re-enhancing its participatory and open character. Because the raison d'être of a platform, and it is utmost the case of collaborative platforms, is not only to connect, but also to make people act. And to do this, it is necessary to give the "consum'actor" the pride of place they deserve. "Consom'actor", because, more than ever, citizens are engaged towards more sustainable and more responsible consumption habits. The platform strategies of companies must take into account this trend. It is up to companies to invent new modes of governance vis-à-vis service providers and new ways of creating value for customers.


A new age : data sharing.


This is surely the age of reason for the collaborative economy. Also, for Xavier Lavayssière, "we are starting to imagine new business models : where a company cannot be at the centre of the ecosystem, keeping all data siloed, as Airbnb does, but rather several actors sharing their data, with a spirit of co-construction". The platform, in this context, acts as a crossroads, a meeting point between different actors who, far from competing, collaborate in open innovation. And it is in this synergy that the true sharing and balance of "business models" is found.


This logic of co-construction and data sharing is illustrated by the association formed in November 2017 between Warranty Direct (a BNP Paribas Cardif company, a specialist in mechanical warranties for individuals in the United Kingdom) and EngieApp (a mobile app developed by Yuri Levine, founder of Waze).Thanks to EngieApp Bluetooth devices installed in their cars (connected to the OBD socket used by mechanics), owners have access, via a mobile app, to statistical data and real-time diagnostics of the mechanical state of their vehicles. They can detect faults before they become critical. This app aims to reduce maintenance costs for policyholders, while providing them with a better understanding of their vehicles.One of the most popular uses for Warranty Direct customers is to check the mechanical condition of used vehicles prior to purchase.For Warranty Direct, there are several different types of the benefits derived from the data collected.
Firstly, they enable the introduction of new differentiating and value-added services, such as predictive maintenance.
Secondly, these avoided breakdowns allow for a reduction in the number of claims and therefore the cost of risk.
Finally, the collected data will improve understanding of vehicles and consumption habits.


But it is still necessary to conceive and run the platforms of tomorrow in this sense. That is why, in order to facilitate and secure this horizontal sharing of data, some entrepreneurs are starting to focus on blockchain technology. Why? Because it allows for shared data to be secured (as a service) and also to be shared in a completely decentralised and distributed manner (as a platform). The result is a complete overhaul of the ecosystem and the creation of new spheres of innovation through co-construction. Thus, these new types of collaboration, which are becoming generalised, could give meaning to the collaborative economy by durably anchoring open innovation in the long run. Because “the real levers of change can be found in this dialogue and this sharing of information between actors. The blockchain, in this context, can only be the means, never the end in itself" concludes Xavier Lavayssière. But while in this system of sharing and participation everyone seems to be a winner, it is still necessary to fix issues of governance and regulation. One for all, and all for one!


Written in collaboration with l'Atelier

The car of tomorrow: a retail and entertainment platform?

03 August 2018

Electric vehicles and autonomous driving technology are in the spotlight these days. But what about the range of functionality on offer for the passenger compartment?

Tech sector players certainly do not lack imagination when it comes to turning a car into much more than a simple means of transport. In the near future, connected vehicles are set to become like a sort of mobile Swiss army knife – better-performing, smarter, more economic and more versatile. They will come with multiple functionality, ranging from a pop-up store to a mobile office. These changes will transform the daily lives of US drivers, who spend on average over 290 hours on the road every year (the equivalent of seven 40-hour weeks at the office), covering close to 17,500 kilometres. So the trend is towards on-board entertainment and financial transactions solutions, with Amazon and Mastercard out in front.

Mastercard, which is a pioneer in the field, has been working for several years now not only with automobile manufacturers but also with travel agencies and other mobility services providers. The US-based financial services corporation recently announced plans to step up its partnership with mapping specialist HERE Technologies and forge a new one with SAP and Postmates to develop in-car payments. These companies intend to work together to bring digital payments inside the vehicle and provide drivers with a highly convenient payment experience while on-the-go. This will involve facilitating traditional vehicle-related payments, such as at service stations and highway toll-booths, through the dashboard panel, plus also new types of transactions. These novelties might well make use of biometric payment authentication, which is rapidly becoming more widespread.

Will Judge, Global Lead for New Mobility Partnerships at Mastercard, has a very precise idea of embedded payments in the near future: “Over the next six months we will offer consumers in the US the ability to complete live transactions in-vehicle for things like parking, fuel and food ordering.” The collaboration with HERE Technologies is going in the same direction, enabling commercial offerings based on geo-locating the consumer. Nowadays, points out Will Judge, “Whether we’re talking about mobility and logistics providers, cities and tourism authorities, retail brands or financial institutions – all these players want to be able to serve up information that is most relevant to a given time, location and customer.”

With the integration of Amazon Alexa into the dashboard, there is little doubt that making purchases from inside a connected vehicle will become a widespread practice. The US e-commerce giant already enables consumers to place orders from a wide variety of domestic appliances and household items, including robots, audio speakers, and even mirrors. Following BMW, Ford and Hyundai, Byton this year became the latest vehicle manufacturer to enable drivers to use voice command to place orders, look for a restaurant or change their destination in real time while at the wheel. Toyota is planning to follow suit shortly. And if this functionality is not actually embedded in-car, you can simply install Garmin Speak, a device designed in collaboration with Amazon Alexa, in your vehicle audio system. Based on voice recognition, Garmin Speak enables car users to listen to music via Amazon Music, Pandora, Sirius XM, Spotify and other apps, to play games, create notes, consult their calendar-diary, and check on the weather and current traffic conditions. Muse Auto is another Alexa-enabled voice assistant for car-drivers. Meanwhile Californian startup Telenav has also announced the launch of an embedded advertising platform.

So shopping, which has for a long time now been carried out online as well as at traditional bricks-and-mortar outlets, can nowadays basically be done anytime, anywhere – even while driving. Meanwhile New York startup Cargo enables Uber passengers to purchase refreshments and electronic, medical or beauty products during the journey. “We're laser-focused on creating a more premium and connected ride experience for the consumer by putting all of the products they need on-the-go at their fingertips,” underlines Cargo CEO Jeffrey Cripe, revealing: "Cargo plans to expand beyond test markets New York, Chicago and Boston in 2018” and predicting that “Cargo will reach more than 25 million passengers across 20,000 vehicles by the end of 2018.”

While today such transactions still take place via a website, it may well be that in the near future on-the-go consumers will no longer need a smartphone, computer or other connected device apart from the actual vehicle. Cars look like becoming ever more independent, offering all options. Explains Jeffrey Cripe: “We’re also looking to work with autonomous vehicle partners on how we can integrate our platform into self-driving cars.”

Will Judge nevertheless points out that “85% of all consumer payments around the world are still done with cash or checks today.” Mastercard therefore intends “to expand the reach of electronic payments, and in the process to make lives easier and better, economies more efficient and societies more inclusive, by setting out to “turn every connected device into a device capable of making and receiving payments.” Good news for users of the 70 million connected vehicles that are due to be rolled out across the world by 2023 and the 21 million self-driving cars that are expected to be on our roads by 2035.


Insurance business is also adapting to new behaviours. Evidence for this is provided by BNP Paribas Cardif in Germany’s study entitled ‘financing and insurance of new mobility concepts’ that was conducted by the Center of Automotive Management (CAM), an independent institute for mobility research. BNP Paribas Cardif in Germany therefore recently released its product  ‘Keep on Moving’ (KOM): In the first step, KOM makes payment protection insurance for the automotive industry more flexible – for instance through monthly premium payments, or insurance coverage beyond the amount of the loan repayment instalment. In the future, customers will be able to insure all their means of mobility with Keep on Moving. 


Written in partnership with l'Atelier

BNP Paribas teams with Matmut to strengthen position in property & casualty insurance, launches new offer

04 July 2018
  • Thanks to the new Cardif IARD insurance company created jointly with the Matmut group, BNP Paribas is strengthening its position in the property & casualty market, proposing a new comprehensive and adjustable offer for its customers.

  • As part of its strategic development plan, BNP Paribas is targeting 12% penetration for property & casualty insurance among its retail customers and aims to triple sales of its insurance policies.

  • With a current staff of 230 employees[1], Cardif IARD plans to recruit more than 200 additional staff by 2020, primarily in the greater Rouen area.



BNP Paribas has major development ambitions between now and 2020 to support all its customers

By 2020, BNP Paribas is targeting 12% penetration for insurance cover among its clientele and aims to triple sales of property & casualty insurance policies. These ambitious objectives reflect the Group’s commitment to making property insurance an “everyday banking” product, just like payment means, savings products or budget management solutions.


Bank advisors drive growth strategy

All staff across the BNP Paribas retail banking network play a key role in growing the property & casualty business, from the policy subscription to claims management. In October 2017, the BNP Paribas French Retail Banking network introduced a special skills development plan for staff, equivalent to some 75,000 days of classroom training. This innovative training program enhances the ability of the 15,000 advisors in the retail banking network to address the property & casualty insurance coverage needs of their customers. Customers are further supported thanks to experts from the new Cardif IARD insurance firm.  

Cardif IARD: a successful strategic alliance between BNP Paribas Cardif and Matmut

Located in the Normandy town of Rouen near the head office of the Matmut group, the new insurer Cardif IARD – in which BNP Paribas Cardif and Matmut hold equity interests of 66% and 34%, respectively — is the fruit of 18 months of development in agile project mode by BNP Paribas and Matmut teams. The insurer, which will count 450 employees by 2020, was the leading private sector recruiter in the Rouen employment catchment area in the first quarter of 2018, representing 10% of net new job creations for the area.*

Ø A new range of six policies to cover all the essential needs of customers   

To meet all the essential property & casualty insurance needs of its retail customers**, Cardif IARD has introduced a new range of six insurance policies:   

  • Comprehensive homeowner and car insurance (marketed since May)

  • School and student accommodation insurance (launched in June and July, respectively)

  • Motorcycle insurance (available from the fourth quarter of 2018)

  • Legal protection insurance (available in 2019).

The combination of digital technology and human expertise ensures an optimum level of service and assistances to deliver a fluid customer experience.


Cardif IARD has contracted with the Inter Mutuelles Assistance (IMA) group, in which Matmut is a shareholder, for provision of the assistance services linked to its new car and home insurance offers.  Cardif IARD also became a shareholder in the IMA group, acquiring a 2% equity interest in the parent holding company.


Property & casualty insurance has been Matmut’s core activity since the company was founded in 1962. Matmut has played a central role in creating the offers and management infrastructures, as well as in defining the operational organization of Cardif IARD. Its longstanding expertise will provide concrete benefits for customers.





 Simple, comprehensive and flexible insurance



3 plans: to make it easier for customers to choose the car insurance cover that fits their needs, all the plans include standard cover: 24/7 assistance and coverage of driver liability up to €1.3 million.
Extended warranties enable customers to personalize their policy (0 km breakdown insurance and loan vehicle, legal protection for vehicle, protection of personal belongings in the vehicle, etc.).


All-inclusive services(1)

  • Real-time information on roadside assistance vehicle arrival time via smartphone.

  • Secur-Taxi, for taxi availability if the policyholder’s vehicle cannot be driven.
  • A network of 4,500 partners garages so policyholders do not have to advance any payment.
  • 24/7 access to policy terms and conditions via the BNP Paribas online customer space.


Insurance aligned with modern uses

  • Insurance cover when vehicle is rented(1).

  • If the vehicle is equipped with a GPS there is no deductible in case of theft(1).


Special rates

  • BNP Paribas Bonus(2) up to 60%.

  • BNP Paribas Youth Bonus(2): Young people benefit from half the parent’s bonus if one of the parents is insured by Cardif IARD.

  • Low mileage discount: reduced rates for customers who drive fewer than 7,000 km per year.


1. Subject to conditions and limits specified in the policy

2. Complete terms and conditions available at





 An adjustable offer to cover customers’ day-to-day needs



At BNP Paribas, the essential is not optional

  • The standard policy provides essential property protection (fire, water damage, theft, vandalism, weather damage, etc.) as well as personal protection (civil liability, criminal defence, etc.), plus personalized cover based on the policyholder’s property and needs (for example, interior furnishings, outdoor furniture, swimming pool, green energy equipment, etc.), with several different levels of cover. Policyholders can also add optional warranties (such as theft of leisure objects outside the home, travel assistance and private travel insurance, legal protection linked to property covered, etc.).


Prevention and loyalty rewards

  • Complementary no deductible if the first claim comes four years or more after the policy subscription (deductible amounts still apply for natural disasters and weather events).

  • No deductible for theft if the home is equipped with an active telesurveillance system when the theft occurs.


Everyday services, even when there is no damage(1)

  • 24/7 home assistance in the event of an incident: leak, heating system failure, locked out of the home, etc. Policyholders simply call BNP Paribas Assistance, which will call a professional and cover the cost of the service call plus the first hour of labour.

  • Find tradesmen and assistance for work estimates on the home insured: contacts with approved tradesmen and help in analysing estimates to calmly make a decision.

  • Onsite inspection of second home: in the event of an extreme weather event in the town, BNP Paribas Assistance will check for possible damage and take initial emergency measures to avoid the need for the policyholder to travel to the home.


1. Subject to conditions and limits specified in the policy


[1] At June 30, 2018

* Source: DIRECCTE Normandie, May 2018

** Including Private Banking and Hello bank! customers


From ESG to impact investing, responsible investments are gaining ground

15 June 2018

Giving a meaning to your investments. This approach was developed by incorporating Environmental, Social and Governance criteria into companies’ investment decisions.

Investors who set up a Socially Responsible Investment (SRI) approach are convinced that companies concerned about their impact on the environment, their best governance practices and their social impact, are companies with a long term vision and which are doing what it takes to perform sustainably. These practices provide companies with the tools they need to cope with future contingencies and enhance their ability to face crises.

Since 2008, BNP Paribas Cardif has been selecting all its direct investments according to ESG criteria. These are demanding criteria which complement the traditional financial criteria. In that way, the insurer favours companies with the best practices and those that are the most committed to protecting the environment and people.

In 2015, COP 21 accelerated the development of SRI and put the notion of impact on the map. A lot of tools and methodologies emerged to measure the positive social or environmental impact of investments in addition to financial performance criteria. Impact investing accelerates its development. Thematic funds offers targeting a specific impact are on the rise, often with a social objective. In this case, the social and environmental objectives of investments are predefined and measured.

Measuring the impact of some areas is easier, such as housing. BNP Paribas Cardif finances more than 6,000 places in emergency shelter units through the Hémisphère fund launched by Groupe SNI and AMPERE Gestion, dedicated to housing people in difficulty. These places are designed to accommodate the most vulnerable people, while providing them with social support. The insurer also invests in intermediate housing. Nearly 9,000 new homes were built under the Intermediate Housing Fund (FLI) to allow families whose incomes are too high for welfare housing and not high enough for the free market to find affordable accommodation.

But for impact investing to come up to speed, institutional investors need this market to be structured. "Institutional investors need to rely on strong players who can select projects, follow them up and measure their social and environmental impact through result dashboards," explains Olivier Héreil, Deputy Chief Operating Officer, Asset Management of BNP Paribas Cardif. This kind of methodological breakthrough will determine the future of this new type of responsible investment.

BNP Paribas Cardif teams with General Assembly to prepare for tomorrow's jobs

29 May 2018

BNP Paribas Cardif is accelerating its transformation and reinventing its approach to innovation with the signature of a partnership with General Assembly, a global leader in career transformation. This partnership will equip teams at the international insurance provider with the skills of tomorrow. General Assembly continues its international development with this partnership and is opening a campus in France.


An ambitious collaboration to address demand for new skills


The fourth industrial revolution is driving changes in many professional fields to adapt to the new needs of businesses and to new modes of consumption. While new skills are continually emerging, as many as 800 million jobs are expected to disappear by 2030, according to a study by the McKinsey Global Institute.

BNP Paribas Cardif, which counts 10,000 employees in 35 countries, is committed to supporting its teams in addressing these major shifts in the skills required by businesses. The insurer and General Assembly aim to train 1,000 employees by 2022 and will open these training sessions to staff of BNP Paribas Cardif distribution partners[i] and to the BNP Paribas Group.

Beginning in June 2018 this partnership will see the launch of a SKILLS’ UP programme, which will enable BNP Paribas Cardif employees to upskill by enhancing their expertise, or reskill by learning new competencies.

Training sessions will take place at the new General Assembly campus in Paris, at Bivwak!, the BNP Paribas transformation and innovation project accelerator where a number of BNP Paribas Cardif employees regularly work, and onsite in many countries where the insurer is present.

BNP Paribas Cardif and General Assembly will offer training with personalized courses that combine e-learning and classroom sessions, concretely integrating the company’s initiatives into the course content. Initial sessions for 75 employees in June 2018 will cover UX Design (User Experience Design) and data.

We are very proud to begin this partnership with General Assembly, a disruptive force in professional training. By supporting the career growth of our staff we help them acquire the in-demand skills of tomorrow and equip them to make an active contribution to the company’s transformation,” says Renaud Dumora, Chief Executive Officer of BNP Paribas Cardif.

With this partnership, BNP Paribas Cardif and General Assembly seek to create accessible and impactful pathways in technology, data, design and related in-demand skill disciplines. We are thrilled to partner with     BNP Paribas Cardif to accelerate our presence and growth in Paris, and look forward to using our cutting-edge training models to teach their employees and their partners the skills to best prepare for the future economy,” adds Jake Schwartz, CEO and co-founder of General Assembly.


A major partnership to accelerate the transformation of BNP Paribas Cardif


This partnership with General Assembly underlines the insurer’s commitment to accelerating its transformation as part of its Cardif Forward development plan for 2020, which emphasizes digitization, and at the same time marks a new approach to innovation.

In 2014 BNP Paribas Cardif opened its Cardif Lab' to promote the company’s digital innovations and technologies with potential application for the insurance industry. Cardif Lab’ has been instrumental in nurturing an innovation culture among staff while facilitating exchanges with partners in a wide range of industries.

Four years later, the Cardif Lab’ is evolving, becoming more than a dedicated space at BNP Paribas Cardif headquarters by taking on a new role as an accelerator for the company’s transformation that engages directly with the different stages of innovation.  The missions of the new Cardif Lab’ include:

  1. Carry out research and development work (Envision),

  2. Encourage the emergence of new ideas and support project development (Make),

  3. Share knowledge and develop skills (Learn & Connect).



    "The new partnership with General Assembly is a key component of our new Cardif Lab', which takes a new role as an accelerator for the company's transformation. Skills development is a cornerstone of ad hoc training with General Assembly, and also builds on the "test and learn" approach to project deployment, following trials carried out during our applied research projects. BNP Paribas Cardif will thus be a learning enterprise, an essential asset in a relentlessly changing environment," says Nathalie Doré, Chief Digital & Acceleration Officer of BNP Paribas Cardif.
    This holistic approach is aligned with BNP Paribas Cardif’s open innovation strategy, which leverages exchanges with its partners, the academic community[ii] and startups.


    About BNP Paribas Cardif

    World leader for creditor insurance[iii], BNP Paribas Cardif plays an essential role in the lives of insured customers, providing them with savings and protection solutions that let them realize their goals while protecting themselves from unforeseen events. In a world shaped by the emergence of new uses and lifestyles, the company, a subsidiary of BNP Paribas, has a unique business model anchored in partnerships. It co-creates solutions with almost 500 partners distributors in a variety of sectors (banks and financial institutions, automotive companies, retailers, telecommunications companies, energy companies, Independent Financial Advisors and brokers…) who then market the products to their customers. BNP Paribas Cardif is a recognized global specialist in personal insurance, serving 100 million clients in 35 countries with strong positions in three regions – Europe, Asia and Latin America. BNP Paribas Cardif also plays a major role in providing financing for the economy. With over 10,000 employees[iv] worldwide, BNP Paribas Cardif had gross written premiums of €29.7 billion in 2017, 57% of which was generated outside France.

    About General Assembly

    General Assembly (GA) is advancing the future of work by equipping individuals and organizations with the most in-demand 21st-century skills. Offering training and assessments in web development, data science, digital marketing, and more, GA is building transparent career pathways for people, and sustainable, diverse talent pipelines for employers. With 22 locations, immersive online offerings, onsite trainings for the Fortune 500, and a global community of professionals nearly 1 million strong, GA is the leading source for training, staffing, and career transitions.

    Follow the latest new about General Assembly @GA

    [i] BNP Paribas Cardif co-creates its offers with nearly 500 distributor partners in a wide range of industries (including banks and financial institutions, automaker financing arms, retailers, telecoms and energy companies, independent financial advisors and brokers) who market these solutions to their customers.

    [ii] Chair for Excellence in Data Analytics & Models for Insurance with the Institut de Science Financière et d’Assurances de Lyon ; BADGE Service Culture and Customer experience with the Grenoble Ecole de Management ; Applied research program on customer experience with the MIT Design Lab in Boston – United States

    [iii] Source: Finaccord - 2017

    [iv] Headcount of legal entities managed by BNP Paribas Cardif: nearly 8,000 employees

Qu’est-ce que la loi Eckert ?

10 April 2018

Qu’est-ce que la loi Eckert ?

La loi Eckert est venue compléter le dispositif législatif existant et concerne les comptes bancaires inactifs et les contrats d’assurance-vie en déshérence (contrats qui ne font pas l’objet d’une demande de versement de prestation ou du capital). Elle a pour objectif de protéger les intérêts des clients en facilitant la recherche de bénéficiaires de contrats d'assurance-vie et en accélérant le règlement des capitaux. Initiée en novembre 2013 par Christian Eckert, secrétaire d’Etat au Budget, elle est entrée en vigueur au 1er janvier 2016.

Quelles sont les principales mesures de cette loi ?

· La revalorisation post-mortem du capital garanti

La loi prévoit une revalorisation du capital garanti, à un taux minimum fixé par décret. Cette revalorisation intervient désormais à compter de la date du décès de l’assuré et jusqu’à la date de réception des pièces nécessaires au règlement ou le cas échéant jusqu’au dépôt du capital à la Caisse des dépôts et Consignations.

· Délai et modalités relatives aux pièces nécessaires au paiement de la prestation

Depuis le 1er janvier 2016, la loi introduit de nouvelles dispositions pour favoriser le règlement rapide des contrats. L’assureur doit demander au bénéficiaire de fournir les pièces nécessaires au règlement dans un délai de 15 jours à compter de la réception de l’avis de décès et de la prise de connaissance des coordonnées du bénéficiaire.

A réception de l’ensemble de ces pièces justificatives, l’assureur dispose d’un délai d’un mois pour effectuer le paiement de la prestation. Dans le cas où l’assureur ne respecte pas ce délai de paiement, la loi prévoit des pénalités de retard.

· L'obligation de consultation annuelle du RNIPP étendue

Depuis 2007, les compagnies d'assurance doivent consulter annuellement les données figurant sur le Registre National d’Identification des Personnes Physiques (RNIPP) afin de s’informer du décès éventuel de leurs assurés. En cas de décès du titulaire du contrat, les assureurs doivent rechercher activement les bénéficiaires du contrat afin de leur verser les capitaux qui leur reviennent.

Désormais, chaque année, ces établissements doivent rendre public un certain nombre d’informations concernant les recherches effectuées au cours de l’année (l’encours des contrats concernés, les sommes versées suite à ces démarches, etc.).

D’autre part, les notaires peuvent, lors d’une succession et dans certaines conditions, demander à l’administration fiscale communication des informations figurant sur le fichier Ficovie, qui recense les contrats d’assurance vie et contrats de capitalisation souscrits. Le patrimoine de leur client décédé peut ainsi être mieux identifié. Ce fichier est mis en place depuis 2016.

· Transfert à la Caisse des Dépôts et Consignations des capitaux en déshérence

A l’issue d’un délai de 10 ans à compter de la date de connaissance du décès du titulaire du contrat ou du terme du contrat, les sommes dues au titre des contrats d’assurance-vie et de capitalisation, doivent être transférées à la Caisse des Dépôts et Consignations (CDC). La Caisse des Dépôts et Consignations est chargée, quant à elle, d’organiser la publication de l’identité des souscripteurs des contrats dont les sommes lui ont été transférées, afin de faciliter la recherche des contrats non réglés et de protéger le droit des épargnants et bénéficiaires.

Dans le cas où ces montants demeurent non réclamés par leurs titulaires ou par leurs ayants droit (bénéficiaires), à l’issue d’un délai de 20 ans à compter de la date de leur dépôt à la CDC, elles sont définitivement acquises à l’État.

· Publication annuelle du bilan prévu par la Loi Eckert

L'arrêté du 24 juin 2016 publié au journal officiel de la République française le 9 juillet 2016 s'inscrit dans la mise en œuvre de la loi « Eckert ». Désormais aux termes de ce texte, les assureurs et les mutuelles ont notamment l'obligation de publier « annuellement sur [leur] site internet (...) ou sur tout support durable dans un délai de 90 jours ouvrables à compter du 1er janvier de chaque année », leur bilan de la mise en œuvre de la loi Eckert.

Pour accéder à notre bilan prévu par la loi Eckert cliquez ici.


Bon à savoir :

Au moment de la souscription de vos contrats, il est important d’être rigoureux et précis sur les informations que vous communiquez vous concernant : nom, prénoms, date et lieu de naissance, adresse etc.

Il en est de même pour la rédaction de la clause bénéficiaire. Veillez à être le plus clair et le plus précis possible dans la désignation de vos bénéficiaires afin que l'assureur puisse les retrouver facilement.

Pour en savoir plus, cliquez ici.

BNP Paribas Cardif announces excellent results for 2017 and very good start for 2020 development plan

09 April 2018

The world leader in insurance partnerships[i], BNP Paribas Cardif recorded excellent results for 2017. All key indicators for the contribution of the insurance business to BNP Paribas Group results (gross written premiums, pre-tax net profit, assets under management) showed strong growth. Initial progress in executing the Cardif Forward development plan launched in 2017 allows the insurer to confirm its objectives for 2020.


Significant increase in results


BNP Paribas Cardif results for 2017 showed strong growth:


  • Gross written premiums for the insurance business of BNP Paribas totalled 29.7 billion euros, an increase of 9.3%[ii] over 2016. Growth in gross written premiums came from both savings (22.6 billion euros, +10%2 versus 2016) and protection insurance (7.1 billion euros, +7%2). The insurer delivered good performance in Europe and benefited from strong momentum in Asia and Latin America (see appendix).

  • Pre-tax net profit was 1.9 billion euros. At constant scope and exchange rates, pre-tax net profit rose 9%, reflecting excellent operating performance generated by the growth in business volumes and efficient management of losses and claims. Taking into account the exceptional gain from the sale of 4% of its Indian subsidiary SBI Life[iii] and the impact of the acquisition of 100% of Cargeas Assicurazioni, a major provider of non-life insurance in Italy, pre-tax net profit was up 36.4% over 2016.

  • At 31 December 2017, BNP Paribas Cardif had 237 billion euros in assets under management, an increase of 4.9% compared with the previous year.


Promising start for Cardif Forward plan


BNP Paribas Cardif, a growth engine for the BNP Paribas Group, deployed its 2017-2020 development plan, one of the main components of which is creating new experiences for its clients and partners. To achieve this, the insurer is leveraging its data expertise to become more agile, and aims to automate 80% of its processes by 2022.

Numerous initiatives were launched around the world in 2017 to provide rapid and transparent service delivery paths for both partners of BNP Paribas Cardif and their clients. They include:


  • In France, BNP Paribas Cardif digitized the creditor insurance subscription


  • In Spain, BNP Paribas Cardif is testing a new service for managing creditor insurance claims. Thanks to artificial intelligence, the insurer will be able to automatically analyze documents and make monthly loan repayments without waiting for all supporting documents. This will allow a third of clients to receive immediate approval. For claims requiring additional documents, the claim will be acted on in less than four hours after the documents are received.


  • In Colombia, the insurer has provided partners and clients with new digital tools. Partners have a web portal and a mobile application to track activity indicators in real time, check information on policyholders and access training resources. These digital tools have already enabled 3,000 salespersons to adjust the way they work to better satisfy the needs of their clients.


  • In South Korea, BNP Paribas Cardif has digitized communications with clients using the KakaoTalk platform, the most popular messaging application in the market. This is an example of how the insurer adapts to the habits and tools used daily by its clients. This initiative limits mail and speeds exchanges. It was adopted by 20% of clients in just a few months. The solution will add more features in the months ahead such as enabling clients to check performance information or change the terms of their insurance policy.


Strengthening a partnership model that drives growth and creates value


BNP Paribas Cardif distributes its products through 500 partners in a variety of sectors[iv] and has the largest number of bancassurance partnerships in the world1. Thanks to its proven expertise in insurance partnerships, BNP Paribas Cardif captures growth opportunities and continually develops partnerships with new distributors and new industries in markets around the world.

Deployment of the insurer’s strategy plan led to an extension of its global partnership with Volkswagen Financial Services, as well as a significant number of new agreements, including:

  • In Turkey with the financing unit of Turkcell, the leader of the Turkish telecom sector,

  • In Japan, creating a joint venture with Sumitomo Mitsui Trust Bank, which is part of the country's fourth-largest banking group,
  • In Chile with Itau, one of the largest banking groups in Latin America

2017 was also marked by the successful initial public offering in India of SBI Life, a joint venture between the bank SBI and BNP Paribas Cardif. Following the operation[v], BNP Paribas Cardif booked a capital gain on the sale of its equity interest of 326 million euros. BNP Paribas Cardif now holds 22% of SBI Life, a stake valued at 2 billion euros[vi]. This initial public offering is a major milestone in the history of the joint venture and demonstrates BNP Paribas Cardif’s ability to generate value with its partners. Founded 17 years ago, SBI Life is the leading privately held life insurance company in India. It operates through its 98,000 agents and SBI’s 22,000 bank branches.


Strong acceleration in property and casualty insurance


In line with the objectives of its strategic plan, BNP Paribas Cardif continues to diversify its business mix and accelerate its growth in the property and casualty insurance market:


  • In 2017, BNP Paribas Cardif acquired 100% of Cargeas Assicurazioni, a provider of non-life insurance in Italy. This transaction, which creates growth potential, enables BNP Paribas Cardif to strengthen its position in the property and casualty insurance market and offer a complete range of insurance for its clients.

  • Icare, a subsidiary of BNP Paribas Cardif specialized in extended warranties for motor vehicles[vii], continued to grow in Europe thanks to new partnerships in Italy and Germany. The unit’s insurance gross written premiums reached 74 million euros, an increase of 18% over 2016.

  • In France, 2018 will see the launch of Cardif IARD, a joint insurance company held 66% by BNP Paribas Cardif and 34% by Matmut. The company will market a range of property and casualty insurance solutions. Signed in late 2016, this partnership reflects BNP Paribas Cardif’s commitment to building its positions in this strategic market in France.


Acommitted enterprise with positive impact on society

On the strength of its excellent results and numerous development initiatives in 2017, confirming progress in executing its strategic plan, BNP Paribas Cardif confirms the objectives for 2020 announced in 2017: additional revenues of 400 million euros and continued RONE[i] in excess of 18%.


BNP Paribas Cardif will pursue its growth while strengthening its positive impact on society:

  • As a global specialist in personal insurance BNP Paribas Cardif makes insurance available to the largest possible number of people. The company has initiated a program to simplify all commercial documents for clients to make insurance easily understandable by everyone. In three years, more than 10,000 documents have been rewritten in language understandable by the majority of consumers[ix] in France and other countries. In order to make insurance available to vulnerable segments of the population, BNP Paribas Cardif became one of the first insurers in France to facilitate insurance subscription


  • As an institutional investor, BNP Paribas Cardif manages savings that policyholders entrust to the company with a two-fold priority: combine financial performance and positive impact on society. To support financing of the energy transition, in just one year, the company increased green investments[x] by 46%. The insurer also believes that it has an active role to play in reducing inequality and also invests in funds with significant social impact: BNP Paribas Cardif finances more than 6,000 emergency shelter units via the Hémisphère fund[xi] and is one of the main investors in the Fonds de Logement Intermédiaire (FLI) fund, which has provided accommodation for 644 families in rent-controlled housing since 2015.


  • As an employer of 10,000 people worldwide, BNP Paribas Cardif offers a motivating work environment for staff and supports them in achieving a healthy work/life balance. In France, employees who are care-givers have access to a specialized assistance platform to help them care for loved ones who are aged, can no longer live independently, are sick or disabled. In Turkey, the company created a personalized program called Flexbox, which offers a range of benefits (leave, meal vouchers, health insurance, etc.) to meet different needs

Download the press release about our contribution to BNP Paribas 2017 results.

An infographic showing 2017 key figures for BNP Paribas Cardif is available here.





Domestic markets (France, Italy and Luxembourg) for the BNP Paribas Group’s insurance business recorded gross written premiums of 19.9 billion euros in 2017, an increase of 7% compared with 2016.

France had gross written premiums of 12.8 billion euros (+10% vs. 2016). Savings gross written premiums totalled 11.3 billion euros, up 10% over 2016. Unit-linked contracts accounted for 30% of inflows (26% in 2016), supported by favourable market trends. Protection gross written premiums reached 1.5 billion euros (+3% vs. 2016). The protection segment covers creditor insurance, personal insurance, property and casualty insurance and extended warranties for motor vehicles (through the Icare Assurance subsidiary, which recorded gross written premiums of 74 million euros, an increase 18% compared with 2016).


Italy had gross written premiums of 4.4 billion euros, a slight 2% decline compared with the previous year, including 3.8 billion euros in savings. The Italian subsidiary experienced lower inflows to its general fund but continued to developed unit-linked contracts (36% of inflows in 2017 vs. 24% in 2016). Protection gross written premiums were 687 million euros in Italy, a 4% increase compared with the previous year.


In Luxembourg, Cardif Lux Vie had gross written premiums of 2.7 billion euros, up 13% over 2016, with 70% of inflows in unit-linked contracts (compared with 55% in 2016).


In international markets (Asia, Latin America and Europe, excluding domestic markets), the insurer recorded total gross written premiums of 9.9 billion euros, an increase of 14%2 in comparison with 2016:

Asia had gross written premiums of 4.8 billion euros in 2017, compared with 3.8 billion euros in 2016 (+27.5%2 compared with the previous year). Inflows were up in India, China, South Korea, Japan and Taiwan, which are BNP Paribas Cardif’s main markets in Asia. Taiwan had a particularly good year with gross written premiums of 2.6 billion euros in savings, of which 97% in unit-linked contracts. Business volume in Taiwan increased 37%2 thanks to the launch of new products and favourable market conditions. Japan was the primary contributor to protection business for the Asia zone thanks to its creditor insurance activities. Gross written premiums in Japan totalled 508 million euros, an increase of 9%2.


Latin America continued to see growth in protection insurance as gross written premiums increased to 1.8 billion euros (+10%2 vs. 2016). Chile, which was BNP Paribas Cardif’s first market in Latin America, recorded gross written premiums of 600 million euros, an increase of 10%2. Brazil swung back to growth with an increase of 12%2 to reach 585 million euros in gross written premiums. Colombia, the insurer’s third-largest market in Latin America, recorded gross written premiums of 262 million euros (+7%2 vs. 2016).


Europe (excluding domestic markets) and emerging markets were stable in comparison with last year (+0.5%2 vs. 2016), totalling gross written premiums of 3.3 billion euros.


[I] BNP Paribas Cardif is the insurer with the largest number of bancassurance partnerships in the world. Source: Finaccord (

[II] At constant exchange rates

[III] Initial public offering of SBI Life on the Bombay Stock Exchange and the National Stock Exchange of India in October 2017

[IV] Including banks, financial institutions, consumer credit companies, automobile manufacturers, retailers, telecommunications companies, independent financial advisors and brokers

[V] Sale of 4% of shares (IPO price of 700 rupees per share); 22% stake in SBI Life following the IPO

[VI] Based on IPO price

[VII] BNP Paribas Cardif acquired 100% of  Icare in 2014

[VIII] Return On Net Equity (pre-tax)

[IX] Standard language designed to be understood by anyone whose language skills correspond to level B1 of the Common European Framework for Languages, which covers the majority of consumers.

[X] Green investments (including green bonds and infrastructure funds): 1,227 million euros at end 2016;  1,788 million euros at end  2017

[XI] The Hémisphère fund launched by SNI and AMPERE Gestion invests in housing for people in need

CREDITOR INSURANCE: SeLoger and BNP Paribas Cardif sign partnership to simplify property acquisitions in France

06 April 2018


To make it easier for French homebuyers to purchase a property, real estate transaction website SeLoger has forged a partnership with BNP Paribas Cardif, the insurance subsidiary of the BNP Paribas Group, offering simple and fast access to creditor insurance.

Purchasing a property and arranging financing can be a source of stress given the numerous administrative procedures that must be completed. Subscribing creditor insurance is essential in order to secure a loan and protect the buyer’s family, and the mortgage rate alone is not enough to evaluate the most attractive loan offer. With more than 40 years of experience in creditor insurance, BNP Paribas Cardif is able to simplify access to its creditor insurance solutions in order to enhance the client experience.


Insurance adapted to each borrower’s profile in just a few clicks

The SeLoger website counts 30 million visits per month, making it the top site for French homebuyers looking to purchase a property. SeLoger provides visitors with a complete array of practical information to prepare for their purchase (budget, fiscal measures, etc.), as well as financing information (mortgage loans and creditor insurance).

The partnership between SeLoger and BNP Paribas Cardif simplifies the process for homebuyers who use the site. Thanks to a simulator available in the SeLoger Finances space (, visitors can in just a few clicks determine the guarantees required given their profile, and simulate the rate for Cardif Liberté Emprunteur creditor insurance cover. They can contact an advisor for additional information and subscribe the insurance directly online.

Marketed via insurance brokers, independent financial advisors and the website, Cardif Liberté Emprunteur has seven different options to match individual borrower profiles and each property acquisition project. The policy also includes a range of assistance services to support customers and facilitate daily activities (home aid, child care, etc.).


BNP Paribas Cardif signs Principles for Responsible Investment (PRI) and Montreal Carbon Pledge

19 February 2018

By signing the Principles for Responsible Investment (PRI) and the Montreal Carbon Pledge, BNP Paribas Cardif has reaffirmed a strong commitment to Socially Responsible Investment (SRI), which dates back to 2008, and is further extending this commitment by measuring the carbon footprint of its investment portfolio.  


Two initiatives to support SRI and the energy transition

Initiated by the United Nations Environment Programme Finance Initiative (UNEP FI), the Principles for Responsible Investment (PRI) were created to provide investors with a working framework to incorporate environmental, social and governance (ESG) issues in their investment analyses and decisions.

In signing the PRI, BNP Paribas Cardif makes a formal commitment to apply six principles:

  • Incorporate ESG issues into investment analysis and decision-making processes.
  • Be an active owner and incorporate ESG issues into ownership policies and practices.
  • Seek appropriate disclosure on ESG issues by the entities in which it invests.
  • Promote acceptance and implementation of the Principles within the investment industry.
  • Work together to enhance our effectiveness in implementing the Principles.
  • Report on its activities and progress towards implementing the Principles.

In conjunction with this commitment to the Principles for Responsible Investment, BNP Paribas Cardif is also supporting a low carbon economy by signing the Montreal Carbon Pledge, an international initiative supported by the PRI and launched on 25 September 2014 during the PRI in Person conference in Montreal.

The Montreal Carbon Pledge encourages investors to measure and publicly disclose the carbon footprint of their investment portfolios on an annual basis. To do this, BNP Paribas Cardif is implementing a methodology to incorporate a carbon exposure criteria in its investment decisions alongside ESG criteria.  

Strengthening commitments since 2008

The signature of the PRI and the Montreal Carbon Pledge reflects a longstanding commitment to Socially Responsible Investment by BNP Paribas Cardif.

BNP Paribas Cardif has long believed that a socially responsible approach to investment is important, taking action eight years ago to apply SRI and sustainability criteria to its general fund investments. Within the scope of this strategy, euro fund managers accord priority to businesses that apply best practices and to sectors with proactive commitments to sustainable development. At the end of 2015, half the assets in the BNP Paribas Cardif euro fund (104.5 billion euros1) had been selected against ESG criteria.

BNP Paribas Cardif also incorporates ESG practices in investment decisions by applying an SRI approach to its different asset classes. This approach, which initially covered equities with the launch of best-in-class and thematic funds, has been progressively expanded to bonds as well. What’s more, BNP Paribas Cardif contributed to the success of the first green bonds, including an issue for the World Bank in 2014, and more recently subscribed the Tera Neva green bond issued by the European Investment Bank.

Olivier Héreil, Chief Operating Officer, Asset Management of BNP Paribas Cardif said:  “By signing the PRI and the Montreal Carbon Pledge, we are pursuing our commitment as a responsible investor, formalizing and expanding it to include measurement of the carbon footprint of our investment portfolio. We figure among the pioneers in this area, having begun eight years ago to incorporate extra-financial investment criteria in our asset management strategies. We currently have nearly 900 million euros in green investments. This comprehensive strategy also creates value since it combines financial performance with social and environment impact by financing businesses that contribute to sustainable development, regardless of their sector.”


1Fund value at 31/12/2015


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BNP Paribas Cardif signataire des PRI et du Montréal Carbon Pledge

19 February 2018
Retrouvez l'interview croisée d'Hamid Amoura, Gestionnaire financier et Héloïse Lauret, Responsable innovation et RSE pour tout comprendre sur ces initiatives et l'engagement de BNP Paribas Cardif.

 1. Pouvez-vous nous présenter les deux initiatives (PRI et Montreal Carbon Pledge) ?

Héloïse LauretLes PRI ont été lancés en 2006 par l’UNEP (Programme environnement des Nations Unies) et plus spécifiquement par l’UNEP FI, un partenariat public-privé entre l’UNEP et plus de 200 acteurs du secteur financier.  Ce partenariat a donc pour mission de promouvoir l’intégration de critères liés au développement durable dans le secteur financier, à savoir des critères Environnementaux, Sociaux/ sociétaux et de Gouvernance d’entreprise (ESG).

La seconde initiative, le Montreal Carbon Pledge a été lancée dans le cadre de la conférence annuelle des PRI 2014 à Montréal. Cet engagement a pour objectif de sensibiliser les investisseurs sur la question du réchauffement climatique d’une part en incitant ces derniers à mesurer l’empreinte carbone de leur portefeuille et d’autre part à rendre publique cette mesure.

2. Pourquoi BNP Paribas Cardif s'est engagé envers ces deux initiatives ?
Hamid Amoura : Nous avons intégré des critères ESG et des investissements responsables dans notre gestion d’actifs dès 2008.  La signature des PRI constitue un aboutissement de notre engagement et fournit un cadre pour développer l’ISR en interne et auprès de nos partenaires.
Avec le Montreal Carbon Pledge, BNP Paribas Cardif aborde, en continuité avec les engagements du Groupe BNP Paribas, les enjeux de la transition énergétique.  Nous prenons ainsi en considération la mesure de notre impact financier et pourrons formuler une politique d’investissement adaptée.

3. Quels sont les engagements de BNP Paribas Cardif dans le cadre de la signature des PRI ?
H.L : En devenant signataire des PRI, nous nous engageons à respecter les 6 principes concernant notamment :
- l’intégration de critères ESG dans nos décisions d’investissement ainsi que dans nos pratiques actionnariales : nous poursuivons cette démarche depuis plusieurs années déjà.
- de favoriser l’acceptation et l’application des principes auprès des acteurs : au-delà de nos propres équipes, nous continuerons à encourager nos partenaires et interlocuteurs dans une logique similaire
- d’être dans une démarche de progrès sur l’application des principes et de communiquer de façon transparente : Un reporting annuel est mis en place et évalué par les PRI. Il donne lieu à la publication d’un rapport de transparence disponible sur le site des PRI.  Il n’y a pas d’obligation de publication la première année suivant la signature mais nous participerons très certainement l’exercice.


4. Quels sont les engagements de BNP Paribas Cardif en faveur de la transition énergétique ?

H.L : Nous avons commencé à investir sur la thématique de la Transition Energétique dès 2009 et plus particulièrement sur la question du « low carbon ».  En effet, il est du devoir des investisseurs d’inciter les entreprises à réduire leurs émissions en carbone en leur montrant que ce critère compte dans nos choix d’investissement.  Nous avons également la conviction qu’une « économie verte » se met en place, source de valeur ajoutée à la fois environnementale et financière. Nous avons donc continué à renforcer nos investissements sur cette thématique en sélectionnant des fonds qui nous paraissent pertinents.

H.A : Les obligations vertes (Green Bonds) en font également partie. Ces supports financent des projets à finalité environnementale bien souvent sur des questions énergétiques. Nous avons ainsi souscrit à la première émission de green bond de la banque mondiale (en 2014 et 2015) et nous atteignons environ 400 M€ en obligations vertes à fin 2015.  Ces investissements concrétisent notre engagement en faveur de la transition énergétique, tout en diversifiant et dynamisant notre portefeuille. 

5. Quelle est votre vision du green bond Tera Neva que vous avez souscrit en novembre 2015 ?
H.A : Il s’agit de la première obligation verte émise en nov 2015 par la Banque Européenne d’Investissement (la BEI), elle a été structurée par le groupe BNP Paribas et est liée à l’indice Ethical Europe Climate Care. Ce produit répond à la volonté des investisseurs de réduire l’impact de leur portefeuille sur le changement climatique en finançant des projets liés aux énergies renouvelables et à l’efficacité énergétique
Nous avons naturellement été parmi les premiers souscripteurs à soutenir l’initiative.  Au total, 11 autres investisseurs ont collectivement investi 500 M€ à l’émission de Tera Neva.

BNP Paribas Cardif Italy encourages their employees into Carsharing services

19 February 2018

The second European Sustainable Development Week (ESDW) took place from May 30 to June 5, 2016. This European-wide initiative aims to stimulate and make visible activities, projects and events to promote sustainable development in Europe.
BNP Paribas Cardif Italy chose to focus on two actions from the “Let’s Protect our Planet” programme which fosters eco-friendly behaviour through 2 programmes: carsharing and reforestation.

BNP Paribas Cardif Italy supports carsharing*: a new way to drive while reducing the carbon dioxide footprint


BNP Paribas Cardif Italy has invited its employees to join a carsharing service CAR2GO. This is a valid alternative to using cars or taxis and cars can be used for business or personal travel.


With this initiative BNP Paribas Cardif stresses out the importance of a flexible and sustainable mobility. Cars from this service generate much lower carbon emissions than average circulating cars (98 gr CO2/Km vs 123.4 gr CO2/km*) and fit perfectly with the use of public transport.


BNP Paribas Cardif Italy offered its employees a Treedom tree to give breath to the Planet!


In addition to finance the subscrption to the carsharing service cargo to its employees, BNP Paribas Cardif Italy finances a tree plantation programme to create the BNP Paribas Cardif Italy forest via the Treedom patform. Treedom is BCorp certified and aims to take an active part into reforesting the world. Since its creation, 250000 trees have been planted over the 5 continents. BNP Paribas Cardif Italy supports a reforestation project in Haiti, where social and environmental conditions are amongst the most critical.


The BNP Paribas Cardif forest is currently capable of capturing nearly 274,924.643 lb of CO2, (the equivalent of 650 trucks filled with carbon dioxide, for example) and will compensate a part of its CO2 emissions and reduce its environmental footprint.

* average emitting value of new cars purchased in Italy in 2014, source EEA (European Environment Agency)


*Carsharing, in short
Carsharing is a real alternative to individual car property. Instead to own a personal car, which stays most of the time parked in a garage, or on a parking space, a carsharing user benefits from a car he or she only pays as long as the car is used. When the car is vacant, it can be used by other people who have also subscribed to the service. Key to success is the multiplicity of usage and therefore the multiplicity of needs expressed by the members enabling the car to be used at different periods of time along the day. In addition to sharing the maintenance fees, finding a parking space is also mutualized.


BNP Paribas Cardif has invested over 4 billion euros in Socially Responsible Investments

19 February 2018

In conjunction with Responsible Finance Week (26 September – 2 October), BNP Paribas Cardif has reaffirmed its commitment to Socially Responsible Investment.

BNP Paribas Cardif has since 2008 pursued a proactive policy to promote Socially Responsible Investment by:

  • Integrating ESG issues in its asset management practices,
  • Increasing the weight of its socially responsible investments,
  • Taking into account climate change issues and promoting a low carbon economy.

Integrating ESG issues in its investment decisions

For the past eight years, BNP Paribas Cardif has implemented an innovative socially responsible investment policy for its general fund (104.5 billion euros1). By incorporating environmental, social and governance (ESG) issues in addition to financial analysis, BNP Paribas Cardif has introduced a long-term approach that effectively balances financial performance with environmental and social impact.

Managers of euro funds thus place priority on companies that engage in best practices, as well as sectors with the most active commitment to protecting the environment and people. At the end of 2015, over half of all assets under management in the BNP Paribas Cardif general fund were selected after analysis of ESG issues.

This approach was strengthened in 2016 when BNP Paribas Cardif signed the Principles for Responsible Investment (PRI)2. This decision formalizes efforts made and creates a concrete framework designed to cascade best practices and enable annual reporting on the company’s initiatives and progress in embedding ESG issues in its investment choices.

Over 4 billion euros already invested in SRI assets

BNP Paribas Cardif strongly believes that institutional investors must play a pivotal role in guaranteeing the healthy future of the planet and had already invested more than 4 billion euros3 in SRI at the end of 2015.

  • Over 2 billion euros have been invested via the BNP Paribas Cardif general fund:
    • 1.5 billion euros in SRI investments were made in equity funds, spanning both best-in-class funds and themed funds (BNP Paribas Aqua, Parvest Global Environment, BNP Paribas Développement Humain, Parvest SMaRT Food),
    • 500 million euros in SRI investments have been made in bonds, including innovative products such as green bonds, the proceeds of which are used to finance projects with positive environmental impact. BNP Paribas Cardif contributed to the success of the first green bond issues, including a structured issue by the World Bank in 2014 and the Tera Neva Climate Awareness bond in 2015.
    • 80 million euros in SRI investments in the Intermediate Housing Fund (FLI), a fund managed by SNI, a public interest real estate subsidiary of Caisse des Dépôts.
  • 2 billion euros have been invested in BNP Paribas Cardif’s sustainable investment offer of unit-linked products.

Taking climate change issues into account

As a responsible investor, BNP Paribas Cardif promotes a low carbon economy. The company has since 2009 invested in themed funds to support energy efficiency, reduction of air pollution and low carbon activities, selecting businesses with the lowest carbon emissions in their respective industries.

This commitment has continued in 2016 with the signature of the Montreal Carbon Pledge4, an international initiative launched as part of the Principles for Responsible Investment (PRI). BNP Paribas Cardif has thus made a formal commitment to measure and disclose the carbon footprint of its investment portfolios on an annual basis. The company has at the same time implemented a methodology to incorporate carbon exposure criteria in investment decisions alongside ESG issues.

This commitment to address climate change also applies to real estate investments by BNP Paribas Cardif. In 2013 the company signed a charter for energy efficiency of service sector buildings, making a concrete commitment to improve the energy efficiency of the buildings it owns. This led to a mapping of the energy efficiency of BNP Paribas Cardif’s real estate assets. Renovation work to improve energy efficiency enabled a 17% reduction in measured energy consumption across a portfolio of 52 buildings. BNP Paribas Cardif also recently invested 600 million euros5 in buildings with high-level environmental certification such as CityLights, in the Paris suburb of Boulogne-Billancourt, in which it has acquired 60,000 square meters of office space.

An infographic highlighting BNP Paribas Cardif’s SRI commitments is available on

About BNP Paribas Cardif

BNP Paribas Cardif creates innovative savings and insurance solutions designed for performance in a world shaped by the emergence of new uses and lifestyles.
A subsidiary of BNP Paribas, the company has a unique business model anchored in partnerships. BNP Paribas Cardif co-creates solutions with distributors in a variety of sectors, who then market the products to their customers.
BNP Paribas Cardif has become a recognized global specialist in personal insurance, serving 90 million clients in 36 countries with strong positions in three regions – Europe, Asia and Latin America.
With nearly 10,000 employees6, BNP Paribas Cardif had gross written premiums of €28 billion in 2015, 59% of which was generated outside France.
Follow the latest news about BNP Paribas Cardif: @bnpp_cardif

Press contacts
Caroline Le Roux – 01 41 42 65 61 – 07 62 00 42 74 –
Valérie Oberlin – 01 41 42 78 17 – 07 60 13 49 12 –

Downoad the press release

1  Fund valuation at 31 December 2015.
2  Initiated by the United Nations Environment Programme Finance Initiative (UNEP FI) and the UN Global Compact, the Principles for Responsible Investment (PRI) were created to provide investors with a working framework to incorporate environmental, social and governance (ESG) issues in their investment analyses and decisions.
3  Total investments comprising general fund and unit-linked contracts.
4  The Montreal Carbon Pledge is an international initiative supported by the PRI and launched on 25 September 2014 during the PRI in Person conference in Montreal. It encourages investors to measure and publicly disclose the carbon footprint of their investment portfolios on an annual basis.
5  Figure at end 2015
6  Headcount of legal entities managed by BNP Paribas Cardif: nearly 8,000 employees

The world of work through the eyes of Generation Z

19 February 2018

Self-employed entrepreneurship, the explosion in the startup ecosystem, and new working methods for employees: accelerated by a process of digital transformational change, the world of work is changing very quickly. Young people must succeed in finding their place in this changing world, and increasing numbers of them are making clear their desire for flexibility and real meaning in the work they do.
The latest TEDxParis event quite rightly provided a platform for these young people, who are now flexing their entrepreneurial muscles and changing the world of work in their own way.
For the fourth consecutive year, BNP Paribas Cardif was the official partner of TEDxParis, where it was able to observe these changes at first hand.

A generation on the move

Many terms - some of them less than clear - have been coined to define this group of young people, from Millennials to Digital Natives and Generation Y or Z. Despite their inevitable diversity, it is possible to identify key trends when describing this generation of 2 billion individuals born worldwide since the beginning of the 1990s.


Passionate, creative, hyperconnected, collective and entrepreneurial are just some of the adjectives used to describe these young people overflowing with new ideas at this year's youth-focused TEDxParis forum, officially partnered by BNP Paribas Cardif. The identikit profile of this young population is positive and ambitious about its future. They may have been born into an economic, social and political crisis, but they nurture the desire for a society refocused on people, as Thierry Keller, Editor of Usbek & Rica, the magazine that explores the future, stresses in an interview with Génération Care: "For [young people], the crisis is a reality, and they understand it. They understand that it won't be easy, but they want the future."

So what kind of professional life lies ahead for these young workers?

A fast-changing world of work

Flexibility and change are two perceptions that now influence our concept of work, and will continue to do so for the long term. If we look at France, 29% of French people “are ready to change career or working methods over the next five years”, according to a recent Hello Innov’ survey of French attitudes to innovation. The days of long linear careers seem to be over, making way for more convoluted career paths made up of re-skilling, lifelong learning and job changes

At a time when careers are changing dramatically, young graduates and those already in the workplace are questioning the accepted wisdoms of the traditional world of work.

As this year's TEDxParis progressed, three trends emerged to define the grammar of this new language of work:

➔ The need for work to become more agile and flexible

In responding positively to the flexibility sought by young people in the workplace today, that workplace must reinvent itself, not only by embracing technology-driven innovations, but also in the way it manages relationships. Faced with these needs, traditional companies are changing their business models. Offices and fixed working hours are making way for teleworking and group lounges on every floor of the building.

➔ Work in which people can see a meaning, and which gives them the opportunity to fully realize their potential

The numbers confirm the trend: 76% want to turn their hobby into a full-time job, and 32% want to be in their dream job within the next 10 years*.

Personal fulfillment is becoming a key goal, driven by a desire to achieve the right work/life balance. In this respect, interpersonal relations and line management structures are also changing, with young people wanting to be in a position to learn, but at the same time to interact with their elders on an equal footing.

➔ A work profile that includes an entrepreneurial aspect

47% of young people want to set up their own business**. Being self-employed entrepreneurs able to decide their own working hours and tasks, or being an employee with the ability to define those tasks they feel best suited for... young people aspire to leaving behind rigidly defined jobs and building their own personal jobs on a day by day basis.

These visible initial changes prefigure more far-reaching changes in the world of work, and that is why BNP Paribas Cardif is designing new projects that resonate with this workplace revolution.

Working together today to outline tomorrow's world of work

Conscious of the challenges that lie ahead to evolve and adapt the company to this changing world, BNP Paribas Cardif is working on projects built around this shifting concept of work and the accompanying redefinition of relationships between staff members. Here are just two examples:

- The BNP Paribas Cardif Booster Bootcamp internal project accelerator is designed to allow members of staff to design their own solutions for improving their working resources and environment. This intrapreneurship program is currently being rolled out on the basis that it will gradually be available to all BNP Paribas Cardif teams worldwide, and help them to develop practical projects they can implement themselves in their own markets

- The reverse mentoring sessions in which senior members of staff are paired with their junior colleagues to exchange experience and learn from each other. The principle is simple: senior staff members keen to pass on their experience are paired with juniors who return the favor by introducing their older colleagues to new concepts and new technologies.

These collaborative experiences are really beneficial, because it allows direct intergenerational interaction with no barrier of age or seniority. It gives each side of the pairing the opportunity to be both teacher and student, and to benefit from the experience of the other

So what is the underlying ambition shared by these projects? "Demonstrating by example that there are other ways of doing things when you encourage agility, collaborative working and the contributions made by individuals to projects," summarizes Héloïse Lauret, Head of Innovation and CSR at BNP Paribas Cardif.

The bottom line is that the expectations of young people about the world of work are changing, but those of their elders are also changing as a result: the generations are learning from each other, becoming more open-minded and working alongside each other to deliver the BNP Paribas Cardif plan for the future.

* Fortune survey: How will Generation Z disrupt the workplace?, 22/05/2015
**BNP Paribas and The Boson Project: La Grande InvaZion, January 2015

Insurer BNP Paribas Cardif announces commitment to double green investments by 2020

16 February 2018

The insurer’s development plan will increase investments with a positive impact on the environment between now and 2020.

Doubling of green investments with an emphasis on green bonds

BNP Paribas Cardif already had 1.2 billion euros in green investments at the end of 2016 within its general fund. These investments finance the energy transition.
BNP Paribas Cardif will continue to actively contribute to the development of green investments, notably through green bonds, which finance projects with high environmental value. Already in 2014, the insurer contributed to the success of the first green bond issues, including the World Bank’s structured green bond issue1 and the Tera Neva climate awareness bond2.

BNP Paribas Cardif also contributes to financing of projects that support renewable energies, protecting biodiversity as well as waste recycling and reuse within the framework of a French government green bond issued in 20173. In addition, the company contributes to the World Bank’s SDGs Everyone4 sustainable bond, which provides funding for projects with environmental and social impact that contribute to achieving the United Nations International Sustainable Development Agenda.
This initiative is fully aligned with the strategy of BNP Paribas, which has taken strong positions to support the energy transition, presenting a comprehensive policy in 2015. In particular, the Group has ended financing for coal-fired power plants and announced a commitment to more than double its financing in the renewable energy sector (from €6.9 billion in 2014 to €15 billion in 2020).

Accelerating the momentum initiated in socially-responsible investing

BNP Paribas Cardif will at the same time develop its investments with significant positive social impact. The insurer finances more than 6,000 emergency shelter units via the Hémisphère fund created by AMPERE Gestion (SNI group) to accommodate people in distress.

The insurer is one of the main investors in Fonds de Logement Intermédiaire (FLI), an “intermediate housing” fund that has provided accommodation for 644 families in rent-controlled units since 2015.

BNP Paribas Cardif actively supports the social and solidarity economy as well, investing in solidarity funds such as BNP Paribas Social Business France and the NovESS fund launched by Caisse des Dépôts.

At the end of 2016, some 50 million euros had been invested in these different funds with strong positive social impact.

“Socially responsible investment is a pillar of our corporate social responsibility policy. As an insurer, we believe that our investments can positively impact the broader fight against climate change, help provide housing for people in need and encourage further development of the social and solidarity economy,” says Laurence Hontarrede, Head of Prospective and CSR, BNP Paribas Cardif.

For BNP Paribas Cardif reporting related to Article 173 of the French law on Energy Transition and Green Growth follow this link.


1 In September 2014, BNP Paribas and the World Bank launched an ethical investment solution, with capital insured through World Bank Green Bonds and exposure to the performance of the Ethical Europe Equity Index.
2 In November 2015, the European Investment Bank (EIB), BNP Paribas and Vigeo launched Tera Neva, a sustainable investment solution that allows investors to align their financial objectives with energy transition goals.
3 In January 2017, Agence France Trésor entered the green bond market with the first French sovereign green benchmark bond, with a maturity of 22 years (Green OAT 1.75% 25 June 2039).
4 In March 2017, the World Bank launched a new financial instrument to expand funding for the Sustainable Development Goals: SDGs Everyone.


Download the press release

BNP Paribas Cardif supports its carer staff members to help them achieve the best-possible work/life balance

16 February 2018

BNP Paribas Cardif is evolving its parenthood policy by developing a dedicated scheme for those of its staff who provide daily support for a sick or disabled family member, and by increasing the level of support it provides to its staff members. These new measures complement the range of different initiatives Introduced since 2008 to promote a healthy work/life balance.

Special support for carer staff members

Alive to the challenges posed by an aging population, and working through its Génération Care ( website with its fresh perspective on this social issue, BNP Paribas Cardif is aware of the difficulties faced by members of staff who have to meet the demands imposed by their working lives on the one hand, and the need to care for an elderly or disabled family member. This is why the company has decided to put in place a special scheme to support its carer staff members.

BNP Paribas Cardif and its Works Council are now offering them personal guidance and advice via the Responsage assistance website. This completely confidential service advises staff members who care for an elderly, dependent, sick or disabled relative. Expert counselors are available to provide clarification and guide staff members towards existing support resources, such as care facilities, service providers, financial support or legal remedies.

Stepping up initiatives that benefit staff members with children

In line with its policy of enabling a healthy work/life balance (introduced in 2009), the insurer is expanding its range of initiatives for staff members with children.

In practical terms, BNP Paribas Cardif and its Works Committee are now offering 50 places in Babilou crèches for children aged between 10 weeks and 3 years. Childcare is also offered on an occasional basis, subject to space availability.

BNP Paribas Cardif is also offering unlimited access places in Filapi leisure centers for 3- to 10-year-olds, which will give many staff members access to this service. Five centers will be available every Wednesday and during school vacations for the children of staff members in the Paris region.

"These new schemes reflect our commitment to addressing the specific constraints faced by our people at every stage of their lives. Having previously focused on childcare, we are now extending our scheme to offer dedicated support for our carer staff members to help them achieve the best-possible work/life balance", says Sophie Joyat, Head of Human Resources at BNP Paribas Cardif.

2016 and 2017: Cardif Lab’ offers its assessment

16 February 2018

There was no shortage of technological innovations in 2016, revolutionizing consumer behavior and business services. This was certainly the case for BNP Paribas Cardif (read the review of 2016).

We take a look back at the trends which marked 2016 and what we can expect in 2017, in a joint interview with Jérôme Mlynarczyk and Edouard Thurotte, experts at Cardif Lab’, the BNP Paribas Cardif innovations laboratory.


In 2016, we saw a number of innovations in a wide range of fields (e-health, 3D printing, data analysis, etc.). What are your highlights from 2016?


Jérôme Mlynarczyk: Firstly, 2016 offered clear confirmation of a groundswell in relation to connected objects. We are now seeing real use cases, for example with developments in the fields of home automation, healthcare, connected wellness and in the automotive sector, of course, an area in which equipment levels are increasing rapidly. The technology is now more mature and gradually becoming more mainstream compared with a few months ago.


Edouard Thurotte: I believe that the major revolution in 2016 was virtual reality, announced at CES 2016 and then confirmed by consumer solutions used in video games.

These first steps towards more widespread use were made possible through improvements to the user experience, since the new generation of hardware is much less awkward to use than before. The social aspects of virtual reality are also expanding rapidly. The growth in video games using virtual reality will take off once it becomes possible to play in a network, reflecting our society's need for experiences and emotions. This has been demonstrated by Pokémon Go, which offers a gaming experience, a technological experience and also a social experience, allowing users to team up and play together.


JM: And we have fully taken on board this appetite for virtual reality at Cardif Lab’, organizing several introductory workshops over the course of the year which proved immensely popular with BNP Paribas Cardif employees.

Technology has evolved enormously, so much so that users can now spend hours on their devices... with all the risks that entails! However, it is interesting to note that these uses are still focused on entertainment and mostly aimed at the general public, with very little for businesses.


ET: Of course, the other main trend of 2016 was chatbots, which have an interesting capacity to be totally “customer-centric”. They bring service to the client, for example on Facebook via Messenger. This approach personalizes the relationship – responding to a clear need expressed by clients.

It therefore heralds a new era for conversations, which some players have already embraced, including the American insurer offering policy subscriptions via its chatbot tool.


JM: It was also a key year for the exploitation of data in 2016, with new uses of artificial intelligence and machine learning, boosted by real-time learning based on data analysis.

New roles have been created to support this data revolution, including that of "data scientist". These hybrid profiles are now capable of combining technical knowledge with functional capabilities and this new approach is clearly relevant to us as an insurer.

Having begun in 2015, this trend was confirmed for BNP Paribas Cardif in 2016 and is set to become even more pronounced in 2017.

Data exploitation can be displayed in several ways, with the constant aim of creating a conceptualized and personalized client relationship.


For insurance, this is part of the “pay how you live” trend (insurance solutions offered according to the consumer's behavior, based on analysis of personal data), applied to motor or home insurance, for example. In terms of technology, we are reaching a stage where we are seeing the emergence of services with real value-added.


Based on these conclusions for 2016, what are the main trends to look out for in 2017?

ET: One of the challenges faced in 2017 by companies in the IoT market, and the associated services sector generally, will be their ability to create a fluid and entirely customer-focused interface in order to develop the use of connected objects.

I believe that the Smart Home sector will really take off among consumers in 2017 as it highlights efficient and practical interactions between a wide range of connected objects in the home via simplified interfaces using voice recognition. This simplification of interfaces will lead to more widespread take-up. There will be fierce competition between the various players offering voice-activated assistants, revealing what lies “under the hood” of the various solutions and whether artificial intelligence can live up to its name. 


JM: Another much anticipated development for 2017, particularly for Cardif Lab’, is mixed reality which will combine the power of virtual reality and the potential of augmented reality with services aimed at both consumers and businesses. Our sector may benefit, since it will soon be possible to present real-time information to clients in a natural way, by learning about their environment via sensors. Mixed reality promises uses offering greater value-added than virtual reality, which I believe is too detached from the real world. Experiments at Cardif Lab’ using the HoloLens virtual reality headset have already confirmed this trend!


ET: It will also be interesting in 2017 to monitor the impact of the start-up ecosystem on large groups. Now that these big players have accepted the need for digital transformation (vital to their survival in their respective markets), we will see how successful they are in collaborating with startups. Will the large number of funding rounds and initiatives by large groups to support startups pay off? How much market concentration will take place? Who will be left standing? All these developments will be fascinating to watch this year. It will also be an important year in this respect for BNP Paribas Cardif, with the acceleration of open innovation projects and support for startups.


To keep up to date with all the latest developments in 2017 at Cardif Lab’, subscribe to the Cardif Lab' Twitter account!


ETF: increasingly attractive indexed funds

16 February 2018

Also known as trackers, ETFs (Exchange Traded Funds) are market listed funds that track the performance of an index (market, interest rates, commodities, real estate, etc.). Low cost and practical, they are hugely popular with fund managers and are often included in life insurance policies.


"ETFs are really taking off worldwide because they offer many advantages," says Nicolas Blaizot, savings expert at BNP Paribas Cardif. "Quoted continuously and transparently, these financial products offer greater visibility than the portfolios run by fund managers, who are not obliged to reveal their composition on a day-to-day basis." Because all they do is track an index, they are a form of passive management (as opposed to traditional portfolios for which the manager chooses the portfolio assets bought and sold), and therefore attract lower management fees. The simplicity of ETFs also opens up the opportunity for developing robo-advisors (automated investment advice platforms): clients can login to a robotic system that advises on the alternative investment choices available. And in recent years, ETFs have performed at least as well as actively managed funds.


Asian potential

The BNP Paribas Cardif subsidiary in South Korea has been distributing ETFs since 2006: the majority are managed by the market leader Samsung Asset Management, and are integrated into the funds distributed by the company's lead partners in this country Shinhan Bank and KB Bank. "ETFs are seen as particularly appealing by clients aged 45 to 60, who are building savings pre-retirement," explains Raf Wouters, Transformation Manager at BNP Paribas Cardif in South Korea. It has to be said that the local context is very buoyant: the national pension fund is investing massively in these products, and the Korean regulator is facilitating their distribution. For the company, it is essential to support the growing appetite for ETFs worldwide.


Key numbers:

  • At global level, the volume of ETFs under management is forecast to double by 2020 to a total of $6,000 billion (source: Ernst & Young).
  • ETF growth year on year in Europe is running at 24% (source: PwC).
  • ETF management charges are modest, averaging just 0.3% per year (source: Le Monde).


As part of its savings business, BNP Paribas Cardif offers ETFs:

  • in France: most life insurance related funds include ETFs
  • in Luxembourg, Italy and Taiwan, individual investors can already invest in ETFs either directly or via funds
  • in South Korea, the local subsidiary of BNP Paribas Cardif is offering the opportunity to invest directly in ETFs via a very user-friendly app



  • ETF (Exchange Traded Fund): A market listed fund that tracks the performance of an index.
  • Index: The term used to express the variation of market prices over a reference period.


Appointment: Fabrice Bagne named new head of BNP Paribas Cardif France

16 February 2018

Fabrice Bagne has been appointed head of BNP Paribas Cardif in France, taking over management and operational responsibility for the unit. He will focus on continuing to develop BNP Paribas Cardif’s business in France, putting digital solutions and the customer experience at the centre of the company’s strategy.

Fabrice Bagne will manage the activities of BNP Paribas Cardif in France, the insurer’s largest market in terms of gross written premiums (11.6 billion euros in 2015 and approximately 10 million customers). He will report to Virginie Korniloff, BNP Paribas Cardif Chief Operating Officer, Domestic Markets.

The fourth-largest personal insurance provider in France1, BNP Paribas Cardif has a unique business model centred on partnerships. It offers a wide range of solutions for savings and personal protection that are co-created with distribution partners in a variety of sectors: banks and financial institutions, consumer credit companies, major retailers, automakers, telecoms companies, as well as independent financial advisors and insurance brokers.

Virginie Korniloff, BNP Paribas Cardif Chief Operating Officer, Domestic Markets, who was previously head of BNP Paribas Cardif France, will focus entirely on management of the insurer’s domestic markets – France, Italy and Luxembourg. She will continue to drive diversification in these three countries while strengthening the contribution of digital solutions to developing BNP Paribas Cardif in these domestic markets2.

“I am convinced that Fabrice’s experience and energy will allow him to accelerate the growth of our business in France. His deep knowledge of the market and the needs of our different clientele segments are key assets to help identify new opportunities and continue to build the insurance solutions of the future,” said Virginie Korniloff.

Fabrice Bagne, 46, has spent the majority of his career with the BNP Paribas Group. He began his career in 1993 with ELF Trading in Geneva before joining BNP Paribas as financial engineer in 1995. In 1998, he became a project manager with the group’s Internal Audit unit. He joined BNP Paribas Cardif in 2002 as project manager for General Management. In 2003, he was appointed head of BNP Paribas Cardif’s savings and company savings operations before becoming head of Cardif Lux Vie, in Luxembourg, from 2006 to 2014. Since 2014, Fabrice Bagne has been Director of Cardif Patrimoine, the BNP Paribas Cardif unit that serves high net worth clientele.

Fabrice Bagne has a graduate degree in capital markets management and a master’s degree in currency, financing and banking from the Université de Sciences Economiques de Lyon 2.

1Ranking of personal insurance companies in France by 2015 gross written premiums (L’Argus de l’Assurance, December 2016)

2BNP Paribas Cardif domestic markets recorded 18.5 billion euros in gross written premiums in 2015.

Harnessing innovation to help people with disabilities: BNP Paribas Cardif reaffirms support for e-Nable France

16 February 2018

BNP Paribas Cardif and the e-Nable France association have signed a partnership to support families who have a child with agenesis1. Families will receive training and a 3D printer that they can use to themselves make prosthetic hands for their children.

The e-Nable community counts over 10,000 volunteers around the world who design, make and donate 3D printed hands and arms for people without fingers or hands due to malformation or accident. e-Nable France is a non-profit association. Within the scope of its corporate social responsibility policy, BNP Paribas Cardif will provide support for the association, leveraging new technologies to help people with disabilities.

“Relay Family” project to help the largest possible number of people

Through this partnership, BNP Paribas Cardif is providing both human and financial resources for the e-Nable France association, in particular by supporting development of a Relay Family” initiative.

Over 400 children are born each year in France with a member that has failed to develop fully. Given growing demand, e-Nable is seeking to equip the largest possible number of families with 3D printers and train them to allow them autonomy in producing 3D printed hands.

Once trained and equipped, the families will be able to make hands for their child, as well as for other families in the same geographic area. The association will provide equipment for three families during the first quarter of 2017. The objective is to equip a dozen families by the end of 2017. BNP Paribas Cardif will support the association for training of these “Relay Families”, as well as for assembly of the 3D printed hands.

Cardif Lab'2 has already printed and assembled around 40 3D printed hands

The signature of this partnership marks a significant additional stage in the support provided to e-Nable by BNP Paribas Cardif. Beginning in 2016, BNP Paribas Cardif gave the association access to the 3D printer at Cardif Lab’, the company’s innovation lab, for printing of prosthetic hands. Some 40 hands have been produced using computer-designed models available thanks to an open-source design.

Workshops were then organized for staff during their lunch break, giving the company’s employees a chance to learn about the e-Nable association and help assemble the hands. A hundred people volunteered to take part in this project. Some of the hands were donated to the ergotherapy department of Saint Maurice hospital in December 2016. Additional workshops have been scheduled to assemble more hands at Cardif Lab’.

“We are very proud to sign this partnership agreement, making a new stage in our cooperation with the e-Nable France association. As a company with strong commitments to social responsibility and support for the most vulnerable members of society, BNP Paribas Cardif is applying new technologies to help people with disabilities,” said Stéphanie Tarin, in charge of the insurer’s disabilities program.

“This initiative is also important because our staff are directly involved and are very enthusiastic about being a part of this inspiring effort by helping assemble 3D printed hands for children at Cardif Lab’,” added Jérôme Mlynarczyk, Head of Technological Innovation and co-founder of Cardif Lab’.

Watch a video to learn more about our partnership with the e-Nable association


1Agenesis is the incomplete formation of a body parts

2 Located at the head office of BNP Paribas Cardif in Nanterre since 2014, Cardif Lab’ valorizes the digital innovations developed by the company in the 36 countries where it is present, as well as new high-tech developments with potential application for the insurance industry of the future.

Green bonds stand for responsible performance

16 February 2018

BNP Paribas Cardif has invested in green bonds issued by the French state and the World Bank twice since the beginning of the year. A responsible and profitable choice.

“Green bonds1 are issued by a company, an international organisation, a state or a local government body: in exchange for money raised on the markets, the issuer undertakes to finance high environmental added value projects involving sustainable energies, waste recovery and biodiversity enhancement”, points out Hamid Amoura, the portfolio manager in charge of developing socially responsible investment2 (SRI) at BNP Paribas Cardif. These bonds must also show financial performance for the investor. “before investing in a product like this, we look at its yield potential and SRI criteria. Once we’ve invested, we monitor the bond’s performance and we make sure our money actually finances responsible projects”, saysthe manager. In early 2017, BNP Paribas Cardif invested in two types of green bonds.

 Investing to meet the climate change challenge

 The first investment involves green bonds issued by the French state in January 2017. Following in the footsteps of Poland, the first European state to issue green bonds, France raised €7B on the markets. The insurer responded to the offering with a significant investment carried by the company’s French and Italian entities. The sum raised by the French state will serve to finance projects in the fields of energy transition and biodiversity, as Ségolène Royal and Michel Sapin, the two ministers overseeing the operation pointed out.

 From green bonds to sustainable bonds 

 In March, it was the World Bank’s turn to issue ethical bonds. “We’re talking sustainable bonds, since the projects involved reach beyond the environmental domain, specifies Hamid Amoura. The World Bank’s sustainable bonds finance projects involving all 17 UNO sustainable development goals or SDGs. These goals address climate change as well as the fight against poverty and inequality, promoting education, etc.”

The bond issue amounts to €163B and BNP Paribas Cardif is a key investor alongside its Italian subsidiary in line with the “SDGs Everyone” initiative. Note that BNP Paribas’ Corporate and Institutional Banking division helped the World Bank to implement this fund raiser: “Like it did in 2014 with the World Bank’s first issue and again in 2015 with Tera Neva, the Group participated in an advisory capacity: so BNP Paribas is present at both ends of the operation, both as a coordinator and an investor.”

Supporting green finance 

The relatively recent “green” financial products sector is currently skyrocketing. “BNP Paribas Cardif had already outlined its SRI policy 10 years ago. Today, we are delighted with the responsible dynamics emerging in the financial sector, underlines Hamid Amoura. We also feel we are investing in a sector with a future, and therefore a profitable one: green growth is driving world growth and we’re naturally supporting this movement”, concludes the manager. In late 2015, BNP Paribas Cardif invested €400M in green bonds, and over €4B in SRI.

1 Bond : A transferable security representing a portion of the long-term debt of a state, a local government body or a company. Interest is paid in exchange for the loan provided by the investor.

2 SRI : socially responsible investment : The principles of sustainable development applied to financial investment.